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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Non recognition of assessee as an “assessee” under the Income ...

Case Laws     Income Tax

January 31, 2018

Non recognition of assessee as an “assessee” under the Income Tax Act - bogus entity or not - Since in the earlier assessment years and subsequent assessment year the assessee’s return of income has been accepted and even “refunds” have been allowed, treating the assessee an NBFC company as bogus need to be supported by material/evidence which the AO has not spelt out. - AT

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